Qatari homegrown technology enterprises hold the potential to create local value while expanding their footprint across international markets, according to an industry expert.
“We believe that the next generation of leading technology companies can emerge from Qatar, creating value locally while competing internationally,” Loyan Farah, CEO and co-founder of Dibsy, told Gulf Times.
Farah made the statement after the company was recognised in Forbes Middle East’s ‘Fintech 50’ list for 2026. “Dibsy is the only Qatari company featured in this year’s ranking alongside some of the region’s most prominent financial technology companies,” he explained.
He emphasised that the milestone reflects the growing strength of the country's technology and financial services sector. Farah noted that the firm's foundational ambition has focused on building financial infrastructure in Qatar to render digital payments simpler, faster, and more accessible for commercial entities.
Farah pointed out that the inclusion in the ranking reinforces the company's commitment to supporting the local digital economy and contributing to long-term national development. He also explained that the corporate vision centres on establishing a Qatari enterprise capable of standing alongside global industry leaders.
He said Dibsy provides digital payment infrastructure and solutions that enable businesses to accept and manage payments securely and efficiently. Through its expanding payment ecosystem, the company supports businesses of different sizes in adopting digital financial services and modernising their operations.
Data published by Forbes Middle East showed that Dibsy recorded a 112% growth in payment volume during the first quarter of 2026 compared to the same period in 2025.
Farah said the performance reflects adoption rates for its payment solutions alongside ongoing operational expansion.
“The recognition also reflects Dibsy’s alignment with Qatar National Vision 2030 and the Third National Development Strategy (NDS3) 2024–2030, particularly in areas such as economic diversification, private-sector development, digital transformation, and innovation,” Farah emphasised.
As Qatar continues to strengthen its position as a regional hub for technology and financial services, Farah said Dibsy's inclusion on the Forbes list demonstrates the potential of locally developed financial technology to support the country’s long-term economic ambitions.
He stressed that the company remains focused on expanding its capabilities, supporting businesses across Qatar, and developing financial infrastructure that can compete on both regional and international levels.
“We are proud to represent Qatar as the sole Qatari company recognised in Forbes Middle East’s ‘Fintech 50’ list for 2026. This achievement is more than a milestone for Dibsy; it is a testament to what can be built in Qatar and the growing strength of our country's technology and financial services ecosystem.
“From day one, our ambition has been to build world-class financial infrastructure in Qatar, making digital payments simpler, faster, and more accessible for businesses of all sizes,” Farah stated.
He added: “This recognition reinforces our commitment to supporting Qatar's digital economy, empowering businesses, and contributing to the country's long-term development. Our vision is not only to build a successful company in Qatar, but to build a Qatari company that can stand alongside the best in the world.”
